GlobalData

Expecting European domestic gas prices to climb by another 10 percent in 2013, a senior energy consultant from research and consulting firm GlobalData has advised energy consumers across the continent to spend on solar PV now or lose money in the long term.

Jonathan Lane, GlobalData’s head of consulting for power and utilities, warns prices will rise for energy consumers in 2013 as both renewable subsidies and higher oil prices push electricity and gas prices higher across Europe.

The heat recovery steam generator (HRSG) market in China is expected to reach revenues of $186 million in 2020, climbing at a compound annual growth rate of 8.8 percent from this year’s expected market value of $95 million, according to power analysts at GlobalData.